Deep Industries gains on order from ONGC

The order is from ONGC to provide natural gas compression services.

Shares of Deep Industries were up nearly 5% at Rs 156 after the company announced that it has received an order from state-owned oil exploration major ONCG to provide natural gas compression services.

The company in a release said that it has received Notification of Award for Hiring of Natural Gas Compression Services at ONGC, GGS-IV Ankleshwar for a capacity of 80000 SCMD for a period of three years.

The total value of said Award is of approximately Rs. 7.79 crore, the release added.

The stock opened at Rs 148 and touched a high of Rs 162. At 2:10pm, over 1.62 million shares were traded on both the stock exchanges.